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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Andy Thomas who wrote (259558)9/9/2003 12:44:41 PM
From: TobagoJack   of 436258
 
<<--Some folks in Congress are introducing bill to sanction China for currency manipulation;0)--

is that a bit of 'do as i say, not as i do?'>>

I think it is a brave attempt at financial suicide that will result in the rug being pulled from under the equity/bond market, forcing both to clearing levels, assuming that Asian central banks act in group-think manner and act as they usually do, like lemmings.

... and after all that, still nothing will happen to save US manufacturing, as Chinese coastal factories relocate/expand production further inland, taking advantage of 50-70% drop in labour cost available in quantity inland.

Eventually, maybe Congress will reach for the tariff solution, and if so, global depression centered on USD-space.

Buy gold.
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